Smithson investment trust, the new global small- and mid-cap trust run by Terry Smith's Fundsmith, has smashed initial fundraising targets and looks set for the largest ever UK-listed trust launch after Neil Woodford's Patient Capital trust in 2015.
The board of Smithson initially targeted £250m for the new trust, but the figure was then raised to £600m following strong investor demand. However, this level has also now been exceeded and the board...
Echoes of sci-fi thriller 'Minority Report'
Heading for biggest annual nominal losses since 2008
‘To drive future inflows and AUA growth’
‘To support growth strategy’